Taken from THIS address. Take heed and ask questions.
MORAL ARMOR’S Economic Warning for Americans
For years we’ve suffered under recession, prompting us to ask, When will it end? My
answer is, “It’s only the beginning.”
Historically, recessions are the result of high interest rates, pushed up as the result of loose
money policies. Recovery comes when citizens begin to spend more wisely, save money
and pay off their debts, but not this time. Never before have credit policies been so loose
for so long, and there has been no decrease in consumer debt. Its still on the rise, but
Americans are NOT fundamentally to blame; immoral monetary policy is.
Banks used to consider a safe loan applicant to have a 36% or less Debt to Income Ratio
(debt divided by gross income). This percentage is a time-proven figure indicating the
financial health of an individual. Now, during the worst economy in twenty years and with
no signs of recovery, our banks gladly loan to applicants with a 56% Debt to Income. What
has changed? Are banks suddenly more generous? I don’t think so. One good question to
ask is, Why are banks willing to accept the additional risk? But the real question to ask is,
Where is this money coming from?
Not one in a thousand Americans knows the true nature of our banking system, so they
have no idea that what happened in 1929 is about to happen again. Nor do they know that it
was done deliberately then, and is being done deliberately now.
We have in this country one of the most corrupt institutions known to Man, and I refer to
the Federal Reserve. Since its inception in 1913, every dollar created has interest being paid
on it as if it were borrowed. This debt cannot be extinguished without destroying the
currency itself, and has spawned a nightmare of debt that presently amounts to over $360
Billion in interest paid per year, accounting for half the personal income tax of the nation.
Due to this, America is forced to create $7 Billion daily to cover the $1 Billion it pays in
interest daily due to the Federal Reserve System. This is where the public comes in.
Federal Reserve bankers have to find a way to spend $6 Billion every day while masking the
inflation it causes. Throughout the nineties it was done through real estate and the stock
market. Now it is almost exclusively being put into real estate. How on Earth could so many
mortgage companies be offering interest only, no money down, multi-hundred thousand or
million dollar loans with high applicant debt ratios?
Here is a hypothetical example of what’s going to happen: Your mortgage banker tells you
that with a 56% debt ratio, you can afford a $300,000 home, no money down. You secure
the loan at 4%, costing $1432 per month. A few years later, you’re thrown out of work for
three months. Back payments amount to $4296 plus late fees, legal fees, etc., and another
$5k on cars, credit cards and everything else. Unable to catch up, you’ll try to refinance,
but interest rates have moved up to 7%. A $310,000 loan now costs $2062 per month–
more than you can afford, but banks will have tightened lending policies back to 36% and
you no longer qualify for the home you own anyway. Accounting for all other debt, you
now qualify for a shocking $360 per month. You are trapped, and the new bankruptcy laws
they pushed for will never let you walk away.
You owned this home in a perfect numbers scenario, but any complications–
unemployment, salary reduction, interest rate increase, debt ratio change, bruised credit
rating, depressed home values–and you’re cooked. One mishap and every financial
measure works against you. Your financial angel has suddenly become your greatest
enemy. Welcome to the Federal Reserve System and their freshly engineered worldwide
depression.
If you were to approach the housing market fresh, you would find that you only qualify for
a $55k house now, along with the market of buyers you were hoping to unload your
balloon-house on. The bank forecloses, auctions it off and you’re personally responsible for
the difference, which could be massive. Bankruptcy is right around the corner, and
deplorably, you are the only one who will be held accountable. You will then be a debt slave
as the Federal Reserve intends, and game over.
My advice is to get as financially stable as you can. Mathematically, our situation is much
worse than that of the Great Depression. No matter how generous these bankers appear,
pare down monthly outlays to 36% D/I or less. Set aside three to six months of mortgage
payments in case you become unemployed. Make sure you can ride out the storm.
We are coming to a point in American society to where its either them or us, and mass
awareness is the key to our survival. Most believe the Federal Reserve is a part of the
government, but its just a name. The Fed is a private corporation set up for private gain,
with a dark history of stock market crashes, financial panics, political manipulation and
ultimately, mass poverty and hunger riots. Our struggle is not new: currency control has
switched from public to private hands EIGHT times since our country’s inception, and
needs to be reclaimed by the people, one last time.
Don’t think you can play helpless and expect our political leaders to protect you from
financial calamity; they never have. You must become Morally Armed on your own. Don’t
be coaxed into believing the system is optimized for the good of all. The Federal Reserve
System is not an equitable institution, and it was never intended to be. They believe if they
have us strung out on debt, we are no threat to them. Let us prove otherwise.
Currency reform is the most important issue facing Americans today. How it plays out will
determine whether you and your children eat or not, whether you have a place to live or
even a future to look forward to. The major media will ridicule anyone speaking against the
Fed, so to validate history’s greatest moral dilemma for yourself, just google "Jackson bank
veto."
America must abolish the Federal Reserve System to regain control over the economy and
our government. For a concise history of world monetary policy and how it shapes world
events, see Moral Armor. Then share this knowledge with your friends. Email this article to
everyone in your address book and stay tuned for further developments. Well change the
system together and bring a brighter dawn to Mankind.
(Removed ALL CAPS titles)